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Molly Bloom -author

Molly Bloom (born April 21, 1978) is an American entrepreneur, speaker, and author of the 2014 memoir Molly's Game: The True Story of the 26-Year-Old Woman Behind the Most Exclusive, High-Stakes Underground Poker Game in the World!. She had trained for years to become an Olympic skier, but was injured while trying to qualify for the Olympics. In April 2013, she was charged with running a high-stakes poker game that originated in the Viper Room in Los Angeles which attracted wealthy individuals, sports figures, and Hollywood celebrities. In May 2014, after pleading guilty to reduced charges, she was sentenced to one year of probation, a $200,000 fine, and 200 hours of community service.

Molly Bloom (born April 21, 1978) is an American entrepreneur, speaker,[1] and author of the 2014 memoir Molly's Game: The True Story of the 26-Year-Old Woman Behind the Most Exclusive, High-Stakes Underground Poker Game in the World!. She had trained for years to become an Olympicskier, but was injured while trying to qualify for the Olympics.

In April 2013, she was charged with running a high-stakes poker game that originated in the Viper Room in Los Angeles which attracted wealthy individuals, sports figures, and Hollywood celebrities.[2] In May 2014, after pleading guilty to reduced charges, she was sentenced to one year of probation, a $200,000 fine, and 200 hours of community service.[3]

Poker game

In 2004, Bloom moved to Los Angeles and found work as a cocktail waitress. In 2004, Darin Feinstein, one of the co-owners of The Viper Room, was approached by actor Tobey Maguire about hosting a high-stakes poker game in the basement of the club. Feinstein recruited Bloom to cater to the players and manage the game. In 2007, Bloom started her own business, registering Molly Bloom Inc. as an event and catering company to host poker tournaments.[11] By 2008, the games had graduated to private homes and hotels like the Peninsula Beverly Hills, with hands going as high as $4 million.[12] In addition to Maguire, many wealthy individuals, celebrities and sports figures were known to frequent the games including Leonardo DiCaprio, Alec Gores, Macaulay Culkin, Matt Damon, Ben Affleck, Alex Rodriguez, Nelly, Mary Kate Olsen, Ashley Olsen, Phil Ivey, Rick Salomon and Andy Beal.[13][14][15][16] Underground poker games, like the rest of the economy, were hurt by the financial meltdown in 2008. Bloom decided to go on the road in 2009. Bloom landed in an Upper West Side high-rise near Lincoln Center in New York and started organizing games in a private apartment at the new Astor Place and suites at the Plaza Hotel. She recruited girls from 1 Oak and Avenue and bought sophisticated dealing equipment used in casinos. But she had fewer connections in the Big Apple and the scene was more chaotic. Raids on underground Manhattan poker games meant the action often shifted to Long Island. Bloom’s games attracted Wall Street types, but also more degenerate gamblers. Opening bids sometimes averaged only $10,000 — which was much smaller than her LA games.[13] In June 2010, Bloom was served with a $116,133 tax lien for failing to pay appropriate taxes on her New York events.[13]

Arrest and sentencing

In 2011, one of Bloom's games in Los Angeles was shut down as part of a bankruptcy investigation into a Ponzi scheme run by Bradley Ruderman, one of the players.[17] Bloom, who had received money from Ruderman as part of the game, was accused of receiving $473,000 from Ruderman's bank to settle his debts and sued by the bankruptcy trustee for $473,200, but she denied that she was involved in organizing illegal gambling.[17] Bank records showed 19 transfers to Bloom in 2007 and 2008 for amounts up to $57,500.[13]

In May 2014, Bloom pleaded guilty to a lesser charge and was sentenced to one year of probation, a $200,000 fine, and 200 hours of community service.[20] At the sentencing, Bloom's lawyer, Jim Walden, told the court that Bloom was in severe debt which included forfeiting $125,000 in poker proceeds as part of the plea. He stated that Bloom had "been ordered into the gambling business" by her boss at a Los Angeles real estate company,[21] then went on to create her own illegal poker game in New York in 2009.

Book and film

Bloom's memoir about her experiences, Molly's Game: The True Story of the 26-Year-Old Woman Behind the Most Exclusive, High-Stakes Underground Poker Game in the World, was published in 2014.[22]